SUPPLY OF LAND SUPPLY FORECAST TO GROW UP
The supply of land plots is forecast to increase. The demand for land plots in 2022 is expected to recover and increase compared to 2021. Mainly in neighboring provinces such as Long An, Dong Nai, Binh Duong and Ba Ria – Vung Tau. Find out more details with JJland below.
General information
According to Colliers Vietnam, in Ho Chi Minh City on the primary market, the number of transactions increased sharply in the fourth quarter of 2021 after this market opened.
In terms of real estate, land plots, and commercial townhouses, which have gradually become less active than in previous years. The retail industry is facing many difficulties due to the pandemic, while the business form is gradually shifting to ecommerce.
Accordingly, the new supply and demand of the land plot real estate segment is forecasted to recover and increase compared to 2021. Mainly in neighboring provinces such as Long An, Dong Nai, Binh Duong and Ba Ria – Vung Tau in the South.
Ho Chi Minh City still has a land fund for real estate in some suburban districts, to expand it still has to wait for the development of infrastructure.
Land plot in Ho Chi Minh City
According to Colliers Vietnam, in Ho Chi Minh City, in the primary market, the number of transactions increased sharply in the first quarter of 2022 after this market opened.
In terms of real estate, land plots, and townhouses. Commercial townhouses have gradually become less active than in previous years due to the pandemic while business forms are gradually shifting to e-commerce.
Commercial townhouses in the podiums of apartment buildings still have great attraction. Townhouses are still a good place to store assets for individual investors. However, individual investors are tending to invest in real estate in neighboring provinces such as Long An, Binh Duong, and Dong Nai. Instead of buying real estate in Ho Chi Minh City because of the possibility of high capital gain. than.
Colliers’ report shows that there were more than 15 projects offered for sale in Ho Chi Minh City in the fourth quarter of 2021, most of which came from the next phases of existing projects.
Besides, the inventory from the secondary market is still large. The supply of real estate for land plots is gradually shifting to neighboring provinces such as Long An, Binh Duong, and Dong Nai in recent years due to the limited land fund in Ho Chi Minh City.
Land plot BRVT
According to Colliers Vietnam forecast, in 2022, project developers in Ho Chi Minh City are waiting for good news from amendments to the Investment Law.
In particular, products with high liquidity will be the first choice for individual investors. The influence of high land prices from Thu Thiem also causes real estate prices to increase in the coming years.
According to the Ministry of Construction, in 2022 there will be little risk of a real estate bubble. However, the phenomenon of real estate price fever is still possible. from the 2008-2009 economic stimulus package.
Investment potential
Accordingly, the new supply and demand of the land plot segment is forecasted to recover and increase compared to 2021.
In particular, products with high liquidity will be the first choice for individual investors. The influence of high land prices from Thu Thiem also causes real estate prices to increase in the coming years. According to the Ministry of Construction, in 2022 there will be little risk of a real estate bubble. However, the phenomenon of real estate price fever is still possible. Especially when the Government uses solutions to stimulate demand,, experience shows from the stimulus package. Economic interest in 2008-2009.
The Vietnam Association of Realtors (VARs) believes that by 2022. The land plot segment is forecast to still have good absorption. As it is better suited to the demand for shelter properties. Accordingly, land prices will continue to increase. But will not increase as strongly as in the previous period. There is even an area where a local land fever is likely to occur.
The first quarter of 2022 marks the return of highly liquid real estate products that will be the first choice for individual investors. The influence of high land prices from Thu Thiem also causes real estate prices to increase in the coming years.
Conclude
The supply and demand for land plots in 2022 is forecasted to recover and increase compared to the previous year. Mainly in the neighboring provinces of Ho Chi Minh City such as Long An, Dong Nai, Binh Duong and Ba Ria-Vung Tau.
Please contact JJland immediately for advice and quotes on real estate projects.